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Order to Cease and Desist to Marie Mahan Becomes Final

Order to Cease and Desist to Marie Mahan Becomes Final

June 17, 2008

Atlanta, Georgia ~ On June 15, 2008, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Marie Mahan of Decatur, Georgia, became final.

This Order to Cease and Desist was issued by the Department after evidence was obtained that Marie Mahan violated a previous Order to Cease and Desist that became final against her on November 10, 2006, for working in the residential mortgage industry during a period of time that it was unlawful for her to do so. Specifically, from December 1, 2006, through February 7, 2008, in direct violation of the Order to Cease and Desist in effect against her, Ms. Mahan was found to have worked for SunnyMTG.com. By violating the initial Order to Cease and Desist in this manner, Ms. Mahan conducted mortgage business without a license or under an applicable exception.

It is prohibited for a residential Georgia mortgage licensee to employ a recipient of an Order to Cease and Desist for five years after the order became final if it was issued for engaging in unlicensed activities on or after July 1, 2007.